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Ocean 08731
241 Chestnut Lane
$375,000
● House - Off Market

241 Chestnut Lane

Forked River, NJ 08731
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,546 Ft²
$422,015
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

This is a Hidden Treasure located in Beautiful Sunrise Beach, with use of a boat ramp.  This Large 2,546 sq. ft. home is ready for you to purchase and with some TLC and updating, this home would be a GEM!  It has all hardwood natural flooring, great walk-in closets and 2.5 bath.  A Master Bedroom suite on the 1st floor is a plus.  All open floor plan with lots of room for entertaining. The upstairs has 2 large bedrooms and bath and even a workout room, or office with lots of natural lighting!  Roof is approx. 3yrs old, Second floor AC done in 2015,  This home had only one owner.  Hurry to visit this home!
Unit Size
2,546 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$157
Property Type
House
Property Taxes
$588
HOA Dues
-
Year Built
1986

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (MOMLS #22229481)

Price History

Date / Event Date Event Price
Nov 22, 2022 Sold
Premium
Sold
Sep 16, 2022 Listed by RE/MAX at Barnegat Bay $399,900
Listed by RE/MAX at Barnegat Bay

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,546
  • Building Area: 2,546
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,546
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADDITIONAL LOTS: 47,48

Neighborhood

  • School District Name: Lacey Township School District
  • Census Tract: 732101

Zoning

  • Zoning: R75B

Geography

  • Assessors Map Reference: TAX MAP 25
  • Account Number: 00029410
  • District: 13
  • Parcel: 13 00327-0000-00046
  • Block: 327
  • Lot: 46
  • Municipality: LACEY TWP
  • Latitude: 39.845
  • Longitude: -74.1801

    Address

  • Full Address: 241 Chestnut Ln
  • Address - House Number: 241
  • Address - Street Name: Chestnut
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Forked River
  • Carrier Code: R014
  • 4-Digit Zip Code: 2715
  • Zip Code: 08731

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $717,145

    Appraisal Valuation

  • Standard Deviation: 0.1934
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 589,101
  • High Value: 703,090
  • Low Value: 475,112

    Market Valuation

  • Market Total Value: $316,900
  • Market Land Value: $97,000
  • Market Improvement Value: $219,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $316,900
  • Assessed Land Value: $97,000
  • Assessed Improvements Value: $219,900

    Sales

  • Current Sale Contract Date: Nov 21, 2022
  • Current Sale Recording Date: Dec 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 129544
  • Previous Sale Recording Date: Feb 28, 2003
  • Previous Sale Contract Date: Feb 05, 2003
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Ocean

Stats & Trends

Median Asking:

$499,000

Sale Price/ft²

$303

Above Asking

0.20%

Average Days on Market

66

Average Home Size

1601 ft²

Average Home Age

29.8 years

Currently For Sale

4652 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 602 Cyprus Court, Forked River, NJ, 08731

$3,100 /mo

  • 3 Beds
  • 3 Baths
  • 1,558 ft²
602 Cyprus Court #602, Forked River, NJ, 08731 Listing by Danielle Coyle

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Rosa Mazzei, RE/MAX at Barnegat Bay
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22229481
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 241 Chestnut Lane built and last sold?
The property at 241 Chestnut Lane was built in 1986 and last sold on Nov 21, 2022 for $375,000.
How much is this home worth?
The estimated value of the home located at 241 Chestnut Lane is $0.
What are some comparable homes to 241 Chestnut Lane?
There are currently no comparable homes to 241 Chestnut Lane.
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